Bitcoin dipped about 1% to $106,175 following its highest-ever monthly close of around $107,200, as traders engaged in profit-taking. The decline was exacerbated by a downturn in U.S. tech stocks, with notable losses from Tesla and Nvidia affecting overall crypto market sentiment. Major altcoins like Solana, Cardano, and Avalanche also experienced significant losses, led by Solana's nearly 6% dip after an recent ETF-related surge. Federal Reserve Chairman Jerome Powell reiterated his views on the U.S. economy, suggesting patience regarding potential rate cuts, which contributed to overall market unease ahead of the upcoming jobs report expected to show a growth of approximately 110,000 jobs for June. A deviation from this estimate could significantly sway the Fed's upcoming decisions regarding interest rates. The article highlights the interplay between traditional equities and cryptocurrency movements, illustrating how external market conditions can impact digital asset performance.

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